Post
Topic
Board Bitcoin Discussion
Re: Crowdfunding legal costs for case at the EU Court of Justice about Bitcoin/VAT
by
murraypaul
on 22/08/2014, 12:25:25 UTC
and as for your post about services. services are not automatically classed as VAT rateable, you are completely wrong about that. the actual classifications is when a service "adds value" to a good

I quoted the actual directive above.
Quote
(c)
the supply of services for consideration within the territory of a Member State by a taxable person acting as such;

Quote
EG
a bank handing you money is a service, but it does not add valueto money simply because a person hands you money at a bank teller desk, rather than an ATM or vice versa..

The bank does not charge you to hand you money, therefore the service is not covered by the VAT directive.